Private Mortgages · First-Lien · 12–16% Net
The first-lien deal flow you'd build a network for — vetted, serviced, and yours.
You already know the asset. Lender.cr gives experienced private lenders a steady pipeline of pre-vetted, first-position Costa Rican mortgages — appraised, title-cleared, and fully serviced — so you deploy capital faster and hold the lien in your own name.
New to private lending? Start with the investor overviewThe box we underwrite to
12–16%
Net annual yield
≤ 50%
Max loan-to-value
First
Lien position
12–48 mo
Typical term
01
You know the asset. The bottleneck is deal flow.
Experienced private lenders in Costa Rica are constrained by sourcing, not capital. Good first-lien deals arrive through relationships — lumpy, opaque, and impossible to scale. Between deals capital sits idle, and every new loan means re-running appraisal, estudio registral, notario coordination, and servicing by hand.
Lender.cr industrializes the parts that don't need your judgment — sourcing, appraisal, legal clearance, administration, reporting — and leaves the part that does: your underwriting decision.
700+
Private lenders in one broker's network
The demand is proven; the tooling isn't
8% / 1–2%
Legacy broker fees — borrower / lender
For a manual, opaque process
≤ 50%
LTV ceiling we underwrite to
First-position mortgages only
USD & CRC
Deals in both currencies
Colón loans priced ~2pp over USD
02
Every deal is pre-vetted before it reaches you
Curation over volume. A listing only appears after it clears appraisal, title, and LTV — you underwrite from a standardized file, not a WhatsApp forward.
01
Independent perito appraisal
Accredited third-party valuation with a downloadable dictamen. LTV is computed against the appraised value — never the borrower's estimate.
02
Title cleared before listing
An estudio registral and an application-level legal due-diligence gate clear the property before it reaches the marketplace. Nothing lists on a clouded title.
03
LTV discipline, ≤ 50%
First-position only, maximum 50% loan-to-value, in standardized bands. Above 50% we don't finance.
03
You are the mortgagee of record
This is direct lending, not a fund. The mortgage is registered to you — you hold the security and the recourse.
First-position hipoteca
Registered at the Registro Nacional in your name, or in a fideicomiso de garantía. Nothing subordinates your position.
Not a pooled vehicle
You lend to a specific borrower against a specific property at a rate you accept. No commingling, no fund NAV, no redemption gate.
Recovery by the book
On default you hold first-lien recourse to foreclose, run by our notario partners. At ≤ 50% LTV, principal recovery is the base case even after costs.
Transparent economics — no spread
You earn the loan's full contract rate; the platform takes no spread between you and the borrower. Every listing shows the complete economics, with no hidden markup.
Currency, terms, and your discretion
Each loan is single-currency, USD or CRC (colón deals priced roughly 2 points higher). You set the box — LTV ceiling, term, region, ticket, and target rate — and propose your own rate on any deal. Nothing is syndicated without your consent.
04
Set your box, then let deal flow come to you
01
Define your mandate
LTV ceiling, term range, regions, min/max ticket, and target rate. Deals are matched to your box — you're not scrolling a feed.
02
Underwrite the file
Appraisal, photos, estudio registral, borrower context, and a proposed rate — a complete file. Put questions directly to the underwriting team.
03
Commit and register
Propose your rate, sign the participation agreement, and wire funds. The notario registers the first-lien in your favor.
04
Collect, then redeploy
We coordinate administration — tracking, reporting, reminders, and tax statements. At payoff your principal returns and the next matched deal is ready, cutting cash drag.
05
Managed Servicing — outsource the admin, keep control
Servicing a private book is a grind — reminders, late-payment chasing, receipts, statements. Hand it to us on the loans you choose and scale without hiring an admin. You keep the lien, the decisions, and the funds.
5%
of interest collected, per loan — charged only on payments received. No payment, no fee.
Non-custodial by design
We never receive, hold, or move your capital — payments go directly to you (or your fideicomiso de garantía). Managed Servicing is a fee-for-service administrative layer, fully separate from the flow of funds.
06
vs. how you source today
Lender.cr keeps what experienced lenders value — a first-lien in your own name — and removes the sourcing and operational drag around it.
| On lender.cr | Your network | Legacy broker | |
|---|---|---|---|
| Deal flow | Curated, standardized pipeline | Lumpy, relationship-bound | Broker-gated |
| Underwriting file | Appraisal + title + LTV, standardized | DIY, deal-by-deal | Opaque |
| Your security | First-lien in your name | First-lien in your name | Varies / pooled |
| Loan administration | Coordinated end-to-end | You / your attorney | Broker, 1–2%/yr |
| Fees | 4–5% origination, no spread | None — but your time | 8% closing, opaque |
| Default support | Notario-coordinated foreclosure | You retain counsel | Limited |
07
A standardized file on every listing
Illustrative only — not an offer. Actual deals and rates vary.
$866
Monthly interest to you
$10,400
Annual interest to you
$80,000
Principal at maturity · first-lien
Interest-only monthly payments with a balloon of principal at maturity. You earn the loan's full contract rate — the platform takes no spread. Origination is borrower-paid; optional Managed Servicing is the only cost on your side, and only if you choose it.
See the deal flow first.
We're onboarding a founding cohort of experienced lenders who get first look at every vetted deal and a direct line to the underwriting team. Verify your investor profile within two business days and set your mandate.
Private real estate lending carries the risk of partial or total loss of capital. Lender.cr operates as a marketplace and does not custody funds; any mortgage you fund is registered in your name at the Registro Nacional. Returns are not guaranteed and depend on borrower performance. Figures shown are illustrative, not a promise of future results, and not an offer of securities or investment advice. Interest earned in Costa Rica may be subject to CR income tax. Consult your own legal and tax advisors before investing.